Fidelity National Financial (NYSE:FNF) Upgraded at StockNews.com

StockNews.com upgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other analysts have also commented on the company. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday. Truist Financial lifted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Stock Up 1.0 %

Shares of FNF opened at $61.56 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 12 month low of $46.85 and a 12 month high of $64.83. The stock’s 50 day moving average is $57.43 and its two-hundred day moving average is $59.17. The firm has a market cap of $16.85 billion, a P/E ratio of 13.24 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company earned $0.75 earnings per share. Analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.25%. Fidelity National Financial’s payout ratio is 43.01%.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors have recently added to or reduced their stakes in FNF. Capital Analysts LLC purchased a new stake in Fidelity National Financial in the fourth quarter valued at $29,000. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial in the third quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the third quarter valued at $35,000. Parkside Financial Bank & Trust raised its position in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in Fidelity National Financial in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.